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$978,000

Beds
2
Baths
2.0
sq ft
1,060

555 4th St Unit 806, San Francisco, CA 94107

555 4th St Unit 806

San Francisco, CA 94107

  • 97 days on market
    • Price drop $111,000↓
555 4th St #806 is a bright and spacious 2BR, 2BA home at The Palms in the heart of San Francisco's South Beach neighborhood. This freshly painted unit is located on the quiet side of the property enjoying western exposure with a wall of windows and a charming private balcony overlooking the tranquil interior courtyard. The floor plan splits the bedrooms on either side of the condo and features an en-suite primary bedroom large enough for a king size bed plus a sitting area. The second bedroom is as large as the primary.The kitchen and both bathrooms feature elegant Studio Becker cabinetry, complemented by quartz counters and Bosch appliances. Cooks will love the gas stove-top (floors below have electric). There are several closets with quality built-in features, a pantry and in-unit washer + dryer. Each room has abundant natural light and custom blackout top-down/bottom-up shades in the bedrooms. The deeded parking space is fitted with a dedicated exclusive EV charger and the new owner will enjoy pre-paid Webpass. The Palms offers premium amenities while maintaining low HOA fees which include a 24-hour lobby attendant, concierge services, fitness center, business center, theater, club lounge, and courtyard. Walk Score rates the location a 'walkers and riders paradise.

Details

Property type

Condominium

Est. home value

$1,008,209

Lot size

1.4517 acres

Price per sq ft

$923

Year built

2005

Monthly HOA fee

$762

Price History

09/05/2024
SFAR

SFAR #424051932

Price change
$978,000
-10.19%
07/31/2024
SFAR

SFAR #424051932

Listed
$1,089,000
+1.3%
01/31/2021
SFAR

SFAR #510085

Sold
$1,075,000

Schools & Community

Neighborhood: 

South of Market

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

300

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$84,873
Asking price
$978,000
Closing costs (~8% of asking)
-$78,240
Est. remaining loan balance
-$984,633
Cash to seller
-$84,873

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Paramount Bank

Loan start date

February 2021

Original loan amount

$1,075,000

Est. remaining balance

$984,633

Interest rate

2.65%

Loan type

VA, 30 year

Seller

Richard Norris Ii

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 8:25 AM

Listing updated: 10/24/2024 at 12:11 PM

Listed by: David J. Zimmerman, Compass

MLS: SFAR #424051932

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